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How Retailers Use Artificial Intelligence to Innovate Customer Experience and Enhance Operations

Altexsoft

percent of all retail sales (2.3 eCommerce share of total retail sales worldwide from 2015 to 2021. To remain competitive, retailers must allow in-store customers to enjoy the benefits of online shopping. In 2017, global eCommerce sales accounted for 10.2 trillion US dollars). This figure is projected to reach 17.5

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Hivery bags new money to automatically optimize product placement on store shelves

TechCrunch

Hivery , a startup that bills itself as an “optimization platform” for retailers, today announced that it raised $30 million in a Series B round led by Tiger Global, the embattled private equity firm, with participation from Blackbird Ventures, AS1 Growth Partners and OneVentures. We call it ‘hyper-local retailing.'”

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Chiper aims to ease inventory burdens for Latin American corner stores

TechCrunch

The way that retailers design their systems to visit corner stores means the stores have to buy more products to last a longer time between visits, but often don’t have the working capital or shelf space,” Bonilla told TechCrunch. “The All of the processes are connected with our technology that stakeholders access from an app.”.

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AI-First Benefits: 5 Real-World Outcomes

Cloudera

Artificial intelligence (AI) has been a focus for research for decades, but has only recently become truly viable. In a retail operation, for instance, AI-driven smart shelf systems use Internet of Things (IoT) and cloud-based applications to alert the back room to replenish items. Benefits aplenty. Faster decisions .

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Should you build or buy generative AI?

CIO

In the shaper model, you’re leveraging existing foundational models, off the shelf, but retraining them with your own data.” Whether it’s text, images, video or, more likely, a combination of multiple models and services, taking advantage of generative AI is a ‘when, not if’ question for organizations.

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Freshflow is helping grocery retailers fight food waste

TechCrunch

For years grocery retailers have been using data driven forecasting to help them predict demand to figure out which products to reorder to keep shelves stocked. ” “And because that is the opinion … until now, for the most part, retailers have just relied upon people to do this part.” That’s nothing new.

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Off the Shelf vs Custom Software: Making the Right Choice for Your Business

Trigent

Here’s all that you need to make an informed choice on off the shelf vs custom software. While doing so, they have two choices – to buy a ready-made off-the-shelf solution created for the mass market or get a custom software designed and developed to serve their specific needs and requirements.